The append-only record of protocol activity, hashed in batches into a Merkle tree and anchored to Bitcoin, so any record can be proven to have existed at a point in time without trusting GRAJ.
The append-only record of protocol activity, hashed in batches into a Merkle tree and anchored to Bitcoin, so any record can be proven to have existed at a point in time without trusting GRAJ.
The proof is only as good as the anchor. A record that has not yet been anchored can be shown to exist now; it cannot yet be shown to have existed then.
Every term here is one the protocol actually uses, defined for somebody who was never taught it — with the part that usually goes wrong. All terms →